FRC expects Brexit narrative within annual reports
Accounting Standards

FRC expects Brexit narrative within annual reports

9y Stephanie Wix , Writer

FRC expects Brexit narrative within annual reports

The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted...

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MEP calls for IASB pay cuts
Accounting Standards

MEP calls for IASB pay cuts

9y Richard Crump , Writer

MEP calls for IASB pay cuts

Board members of accounting standard setter the IASB have come under fire for the size of their remuneration packages amid scrutiny of how the organis...

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FRC launches complaint against KPMG over audit of Lloyd’s syndicate Equity Red Star
Accounting Firms

FRC launches complaint against KPMG over audit of Lloyd’s syndicate Equity ...

9y Richard Crump , Writer

FRC launches complaint against KPMG over audit of ...

THE accounting watchdog has launched disciplinary formal complaints against KPMG over its audit of a Lloyd’s of London syndicate Equity Red Star Read ...

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LAPFF urges FTSE 350 companies to disregard the FRC
Accounting Standards

LAPFF urges FTSE 350 companies to disregard the FRC

9y Richard Crump , Writer

LAPFF urges FTSE 350 companies to disregard the FR...

The UK’s largest listed companies should disregard the accounting advice of reporting watchdog the FRC, a group of investors have urged chairmen of FT...

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FRC scraps investigation into former Tesco CFO
Company News

FRC scraps investigation into former Tesco CFO

9y Richard Crump , Writer

FRC scraps investigation into former Tesco CFO

Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket wa...

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PwC fined £2.3m over Cattles audit
Accounting Firms

PwC fined £2.3m over Cattles audit

9y Richard Crump , Writer

PwC fined £2.3m over Cattles audit

PwC has been hit with a £2.3m fine by the accountancy watchdog over its audits of the financial statements of Cattles and Welcome Financial Services L...

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Eight year directorship ban dished up for restauranteur's inadequate records
People Business

Eight year directorship ban dished up for restauranteur's inadequate record...

9y Richard Crump , Writer

Eight year directorship ban dished up for restaura...

An Aberdeenshire director has been disqualified for failing to ensure her restaurant company kept adequate books and records Read More...

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Director banned for failing to keep proper accounting records
Business Recovery

Director banned for failing to keep proper accounting records

9y Richard Crump , Writer

Director banned for failing to keep proper account...

The director of a company set up to market a fuel-saving device has been disqualified for failing to maintain and preserve proper records Read More...

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Assistant accountant handed an 11-year Bankruptcy Restrictions Order
People Practice

Assistant accountant handed an 11-year Bankruptcy Restrictions Order

9y Richard Crump , Writer

Assistant accountant handed an 11-year Bankruptcy ...

Assistant Accountant handed an 11-year Bankruptcy Restrictions Order for misappropriating funds Read More...

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Father and son directors disqualified by Insolvency Service
People Business

Father and son directors disqualified by Insolvency Service

9y Richard Crump , Writer

Father and son directors disqualified by Insolvenc...

Father and Son directors disqualified for five years and three and a half years for running up large Crown debts whilst trading insolvently Read More...

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Government outlines FRC status as competent authority for audit regulation
Audit

Government outlines FRC status as competent authority for audit regulation

9y Richard Crump , Writer

Government outlines FRC status as competent author...

BEIS issues guidance on the FRC’s role as the competent authority responsible for the oversight of audits of public interest entities, following the i...

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Personal insolvency rate drops across Scotland
Regulatory Bodies

Personal insolvency rate drops across Scotland

9y Richard Crump , Writer

Personal insolvency rate drops across Scotland

Overall rate of personal insolvencies, which include both bankruptcies and protected trust deeds, has decreased across Scotland Read More...

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Colin: Curiosity killed the cat, but not the watchdog
Accounting Firms

Colin: Curiosity killed the cat, but not the watchdog

9y Richard Crump , Writer

Colin: Curiosity killed the cat, but not the watch...

Curiosity killed the cat, but doesn't appear to afflict accounting watchdog the FRC, muses Colin Read More...

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FRC made ‘serious mistake’ by failing to investigate HBOS audit sooner
Accounting Firms

FRC made ‘serious mistake’ by failing to investigate HBOS audit sooner

9y Richard Crump , Writer

FRC made ‘serious mistake’ by failing to investiga...

The Treasury Select Committee criticises the FRC for a 'lack of curiosity and diligence' in deciding to not investigate KPMG’s audit of HBOS before th...

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FRC bans two former Connaught finance directors over £4m accounting misstatement
People Practice

FRC bans two former Connaught finance directors over £4m accounting misstat...

9y Richard Crump , Writer

FRC bans two former Connaught finance directors ov...

The FRC has banned two former Connaught finance directors responsible for a £4m accounting misstatement at the collapsed social housing maintenance pr...

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Brexit raises questions about future of the FRC's regulatory framework
Audit

Brexit raises questions about future of the FRC's regulatory framework

9y Richard Crump , Writer

Brexit raises questions about future of the FRC's ...

The UK’s decision to leave the EU has raised questions about whether the FRC's regulatory framework should change in the future Read More...

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Company boards must focus more on corporate culture, FRC finds
Governance

Company boards must focus more on corporate culture, FRC finds

9y Richard Crump , Writer

Company boards must focus more on corporate cultur...

Company boards must pay more attention to instilling the right corporate culture in order to restore trust in business and deliver long-term sustainab...

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FRC raises concerns about FTSE 350 audit market concentration
Audit

FRC raises concerns about FTSE 350 audit market concentration

9y Richard Crump , Writer

FRC raises concerns about FTSE 350 audit market co...

Despite the high levels of tendering and rotation, the Big Four’s share of the FTSE 350 market has risen from 96.7% to 97.4%, the FRC finds Read More...

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Six ways Brexit will impact companies’ financial statements
Accounting Standards

Six ways Brexit will impact companies’ financial statements

9y Richard Crump , Writer

Six ways Brexit will impact companies’ financial s...

The FRC has highlighted the things directors should consider when preparing their forthcoming half-yearly and annual financial reports post Brexit Rea...

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MPs call on FRC to widen BHS audit probe into PwC
Accounting Firms

MPs call on FRC to widen BHS audit probe into PwC

9y Richard Crump , Writer

MPs call on FRC to widen BHS audit probe into PwC

MPs urg the FRC to widen scope of its investigation to cover previous years when PwC audited BHS financial statements and signed off the company accou...

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KPMG appoints Brexit chief as clients scramble for help
Business Regulation

KPMG appoints Brexit chief as clients scramble for help

9y Kevin Reed , Writer

KPMG appoints Brexit chief as clients scramble for...

Head of Brexit role created at KPMG as clients - UK and global - seek to steer understand and mitigate the ramifications of the UK's EU referendum vot...

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Unpacking the Pre-Pack Pool
Business Recovery

Unpacking the Pre-Pack Pool

9y Chris Warmoll , Writer

Unpacking the Pre-Pack Pool

The two most senior members at the Pre-Pack Pool tell Accountancy Age the Pool has made a pretty good start Read More...

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OECD: Brexit will have ‘major consequences for UK’
Business Recovery

OECD: Brexit will have ‘major consequences for UK’

9y Fraser Simpson , Reporter

OECD: Brexit will have ‘major consequences for UK’

The OECD's secretary-general José Ángel Gurría has given his verdict on what Brexit means for the UK and the EU Read More...

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OTS seeks new senior policy advisers
People Business

OTS seeks new senior policy advisers

9y Fraser Simpson , Reporter

OTS seeks new senior policy advisers

The Office of Tax Simplification is seeking three senior policy advisers Read More...

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Taking Stock: The FRC’s HBOS non-announcement announcement
Accounting Firms

Taking Stock: The FRC’s HBOS non-announcement announcement

9y Richard Crump , Writer

Taking Stock: The FRC’s HBOS non-announcement anno...

The FRC says it best when it says nothing at all Read More...

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FRC appoints John Hitchins as FRRP deputy chair
People In Practice

FRC appoints John Hitchins as FRRP deputy chair

9y Richard Crump , Writer

FRC appoints John Hitchins as FRRP deputy chair

John Hitchins was a partner with PwC for 26 years until he retired in 2014 Read More...

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IFRS Foundation to cut board size and improve transparency
Accounting Standards

IFRS Foundation to cut board size and improve transparency

9y Richard Crump , Writer

IFRS Foundation to cut board size and improve tran...

IFRS Foundation says it will take steps to enhance visibility of trustee oversight of the IASB, including making meetings of the Due Process Oversight...

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